Legal Analysis Of Contract Case Study - 1779 Words

CONTRACT ANALYSIS 8 Running Head: CONTRACT ANALYSIS 1 Legal Analysis of Contract Case Study Rachelle Sepich Liberty University Summary of Contractual Issue Marshall and I have an existing business relationship in that I manufacture and supply products that Marshall needs. Generally, the relationship has gone well except for Marshall?s late payments from time to time. Astoundingly, Marshall prepared a contract which was presented as a technicality intended for documentation of commitment between our companies to continue doing business with one another (Kubasek et al., 2016, p. 249). Marshall provided this substantive unconscionability contract to my son with undue influence in his assertions (Kubasek et al., 2016, p. 251). It?s†¦show more content†¦making the contract a ?binding agreement? (Kubasek et al., 2016, pp. 193-194). That said, what does the law mean when that contract is signed by a minor? Or better yet, what does the Bible say about honoring commitments for the believer and unbeliever? ?As a general rule, parents are not liable for the contracts entered into by their minor children? (Kubasek et al., 2016, p. 226). Cercel and Scurtu advised civil law regulates that there is limited legal capacity of minors between 14 and 18 years of age given the assumed insufficient psychological magnitude to exercise legal rights (Cercel, S., Scurtu, S., 2015). Despite the fact that my son was turning 18 soon and irrespective of Marshall?s awareness to my son?s age, my son was only 17 and was not authorized to act on my behalf. Marshall misrepresented the importance and neglected to expound upon the legal ramifications before executing an agreement with my son. First, grossly minimizing that his contract would be a formality and implying that I was aware of the terms and conditions disclosed. As an unbeliever, I can only assume that he either intended to deceive or has no appreciation for the impact his words would have had on my son. Third, implementing such an agreement would force an unjustified and indefinite reliance to work together. Lastly, an agreement of this nature would impede my ability to do business (i.e. sell my company to avoid loss of customers and imminentShow MoreRelatedContract Analysis: Case Study1500 Words   |  6 PagesCase Study 2: Contract Analysis Case Study 2: Contract Analysis Liberty University Business Law – BUSI561 Betzaida Aponte Abstract In the contract analysis of Case Study 2, we find what looks like a legal and ethical issue at play. This analysis will cover answers to the following questions: 1. What should you do about continuing to do business with Marshall? 2. If you elect to stop doing business with Marshall, what legal causes of action might he bring against your company, what damagesRead MoreEssay on BUSI561 03 PetersenCaseStudy1263 Words   |  6 Pagesï » ¿ The Petersen Case Study David A. Gatti Liberty University Author Note David A. Gatti, SU 15, BUSI 561-Legal Issues in Business (B16), Liberty University. This paper was conducted as a Discussion Board Post assigned by Professor J. Reinke of: Liberty University, Graduate School of Business, Lynchburg, Virginia 24515. Correspondence concerning this project should be addressed to: David A. 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Facts of the Case This is the case of Marshall Peterson, the customer, verses Marcia Simpson, owner and distributor of Fruit Fresh Inc. Fruit Fresh Inc., has been the producer and supplier of Muscadine grapes to Marshall Peterson’s local health food store for 6 months. Fruit Fresh Inc. had a commercial agreement with Marshall Peterson to supply MuscadineRead MorePublic Transportation Is A Complex Project928 Words   |  4 Pagesconstituent. This essay will illustrate the main problems of a mass rapid-transit (MRT) project in Thailand in the areas of delay, financial and economic, contractual and legal, and design. It will then provide some management skill in order to improve the issues in the areas of difficulty starting, and unrealistic schedule. Analysis of Issues. 2.1. Delay Time. Delay time is ranked as the first importance index of 79.00 and accounted for 4.58% of the total variance (Ghosh Jintanapakanont, 2004)Read MoreBusiness Law Assignment 2 Case Study Essay1147 Words   |  5 PagesBusiness Law Assignment 2 Case Study Analysis Question (a) This case study of John and Dan manifests some legal issues which need a close analysis. The first legal aspect identifiable from this case is incorporating terms by a means of appending a signature on those terms. Secondly, the element of letting the buyer be aware is manifesting itself in this case through incorporation of notice in the terms of a contract. Additionally, any jury involved in this case may be interested in looking to theRead MoreSample Resume : Breach Of Contract Lawsuit1362 Words   |  6 PagesPeterson Date: 7/26/2015 Re: Breach of Contract Lawsuit Information: This mediation memorandum will discuss the different breaches of contract made by the Muscadine grape producer, with whom I entered into a requirements contract to supply their grapes for my business with a guaranteed price schedule. The fact of the case will be outlined, explanation as to how the contract has been breached, examination of the legal issues of these breaches of contract, requested potential remedies, and